The impact of technological innovations on audit transparency, objectivity, and assurance in the digital era

Afadzinu, Sewornu Kobla and Dávid, Lóránt Dénes and Potháczky Rácz, Irma and Jemimah, Fayah (2024) The impact of technological innovations on audit transparency, objectivity, and assurance in the digital era. JOURNAL OF INFRASTRUCTURE POLICY AND DEVELOPMENT, 8 (14). No. 8241. ISSN 2572-7923

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Abstract

This study explores the impact of technological innovations on audit transparency, objectivity, and assurance. The study employs a systematic literature review methodology, analyzing a wide range of scholarly articles, research papers, and reports to synthesize the findings. The methodology involved identifying keywords, conducting comprehensive searches in academic databases, and evaluating the selected literature. The study identifies key themes on how technological innovations impact audit practices through analysis of the literature. The impacts of technology include enhanced audit transparency through improved documentation capabilities, real-time reporting, and increased stakeholder engagement. Technological advancements bolster audit objectivity by automating repetitive tasks, facilitating advanced data analysis, and promoting standardized audit procedures. However, the analysis highlighted challenges associated with the use of technology in audits including complex technology implementation and the potential for biases. This research study contributes to the existing body of knowledge by consolidating relevant research and insights on the subject matter.

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